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20121205
20121205
Search Results 0 to 4 of about 5 (some duplicates have been removed)
recorded in the obama administration. not twice as large than the largest deficit in american history. not three times as large as the largest deficit in american history. but almost four times larger than the previous largest annual deficit in american history was the first year deficit recorded in the obama administration. we tip, that was the first time ever we run trillion dollar deficits, we continue to run trillion dollar deficits throughout that time. tax policy hasn't changed during that time. tax policy is exactly the same. you hear in the newspaper all the time, mr. speaker, the bush tax cuts. i don't know that that has meaning anymore. in 2001 and 2003 we did do some dramatic changes to tax policy. president obama extended all of those changes in 2010. that's the law of the land still today. tax policy has been exactly the same over this continuum. what has changed, mr. speaker, what has changed is the spending. the reason deficits have grown not one, not two, not three but almost four times larger than the previous record deficit in american history is not because tax poli
years the obama administration has borrowed more money than every other president combined. that's from george washington threw the first five month of bush the younger's administration. in fact every day the u.s. government borrows an astonishing $3.3 billion. even on sunday. so where is the money going? i asked charles krauthammer to analyze. >> when you think about this, it's staggering that in the last four years the president of the united states, barack obama has borrowed more money than every other president until the first five months of president combined. they think it's some kind of monday nopefully game. what is the president and congress spending the money on take an example the stimulus almost a trillion dollars. that's one huge amount spent within a couple of years. it left not a trace? is money that went to entitlements and food disamps. extreme and trivial went to giving sandra fluke free contraceptives that she can't afford at $165,000 a year. she can't shell out $15 a month. that's at the ridiculous extreme. at the other extreme is what you have talked about the huge
and let that breathe in for a second? let's breathe that in for a second. the obama administration has basically -- basically, they are tony blair to george w. bush's margaret thatcher. they have said, we have to keep 98% of the bush tax cuts in place for the betterment of the economy. >> it's so much bigger than that. >> they have won. >> republicans won. >> we have won. tax breaks. >> so to give a couple of percentage points to 2% of people. >> it could be so much bigger because the conversation has been shifted to how do we reduce our deficit. >> brian sullivan, thank you so much. greatly appreciate your insights. thanks for being with us on "way too early." you can catch brian on cnbc's "street signs" at 2:00 p.m. he is the hardest working man in show business, or at least on the other side of the river. >>> coming up this morning, we've got republican senator tom coburn. can't wait to talk to tom. also, tom cole will be here on set. that's great. we're going to ask him what he was thinking last week. i'm joking. congressman. also, democratic senator claire mccaskill. can you belie
Search Results 0 to 4 of about 5 (some duplicates have been removed)

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